FX:GBPCAD This pair created multiple rejections at the highs before printing a top reversal. Those rejections on the 1 hr time frame formed a Micro level of resistance in the market. If this level holds we could see a test of the 78.6 level on the Fib. If Momentum remains bullish on the higher time frames we could see a break of the highs. If that occurs I'll...
Technical Confluences for Trade: - Stochastics are in Overbought Conditions on D1 and H1 time-frame. H4 is also entering Overbought Conditions. - Price action is close to last month's Resistance Trendline - Price action is well into a Supply Zone area - Targeting between the 50.0% - 61.8% Fibo retracement Suggested Trade: Entry @ Area of Interest 1.7180 -...
GBP/CAD is strongly tempting to reach the strong resistance level at 1.73450 again. The price has tested this area three times already. So, I plan to buy when it breaks the trendline shown on the chart. Additionally, breaking through the ChoCh level is adding strong momentum towards reaching the resistance level soon. Let's wait for the breakout.
welcome here is my gbpcad long idea its based on overall bullish strength price trading above 50% fiblevel of current weekly and monthly candle price trading above weekly pivot, all ema´s and creating higher highs lets see if we can catch a bull wave here
Market Structure Bullish on HTF Weekly and Daily entry AOi in the same area Weekly Rejection at AOi Strong Weekly bullish close Daily Rejection from AOi Previous Daily Structure Point Around Psychological Level 1.72500 H4 Candlestick rejection Rejection from Previous structure SOS 4.73 Entry 105% REMEMBER: Trading is a Game Of Probability ...
✅GBP_CAD is going up to retest a horizontal resistance of 1.7350 Which makes me locally bearish biased And I think that we will see a pullback And a move down from the level Towards the target below at 1.725 SHORT🔥 ✅Like and subscribe to never miss a new idea!✅
Overview This chart illustrates the price action of GBP/CAD on a 2-hour timeframe with several key technical levels and concepts identified. Key Concepts 1. Optimal Trade Entry (OTE) - Bearish OTE Previously, price retraced into a bearish OTE level and reacted as anticipated, leading to a decline. - Bullish OTE Currently, there is an anticipation...
Hello,Traders! GBP-CAD keeps growing And the pair will soon Hit a massive horizontal Resistance level of 1.7338 From where we will be Expecting a bearish correction Sell! Like, comment and subscribe to help us grow! Check out other forecasts below too!
GBPCAD - now price reach a strong resistance area, so i wish bearish could win bulls. But we have to wait good price action in daily timeflame
Hello, traders here is an analysis of GBPCAD next week As you can see the price has been bullish for the past few days and now it is in the resistance zone (green zone) that has been tested multiple times and you can see that the price created an inverted head and shoulders pattern that signals bullish move so now I am going to wait for the price to break the...
Note: The Neckline has been broken and expecting Continuation next week EXTENDED RUN
H1 = Bullish trend pattern No opposite signs Until the strong support zone holds I expect the price to move higher further after pullbacks
My Dear Robbers / Traders, This is our master plan to Heist Bullish side of GBP/CAD Bank based on Thief Trading style Technical Analysis.. kindly please follow the plan I have mentioned with target in the chart focus on Long entry, Our target is Red Zone that is High risk Dangerous area market is overbought / Consolidation / Trend Reversal at the level Bearish...
Trader Tom, an investing.com technical analyst with over 15 years’ experience, explains his trade idea using price action and a top down approach. This is one of many trades so if you would like to see more then please follow us and hit the boost button.
A #short trade opportunity recently presented itself on the #poundloonie (#GBPCAD) #trading chart 📉. This is indicated by the #bearish inverted pin bar candlestick 🕯️ pattern just below the 1.72552 horizontal resistance level. This indicates a rejection of the same level, with potential price move in the downward 👇 ⬇️ direction (#sell). Sufficient downward...
GBP/CAD Analysis 1. **Bearish/Bullish Analysis:** - **Scorecard 3:** Indicates a bearish sentiment for GBP, bullish for CAD, resulting in a bearish outlook for GBPCAD. This could suggest weakness in the Pound against the Canadian Dollar. - **COT-Flip:** The Commitment of Traders (COT) report suggests a shift in sentiment from bullish to bearish for GBP and...
This Weekly FORECAST Opportunity for GBPCAD. This setup trading idea is for swing. >> TAYOR Risk Factors: 1. Market conditions, unexpected news, or external events could impact the trade. 2. Always use risk management strategies to protect your capital.
Our strategy, polished by years of trial and error has helped us identify what seems to be a great trading opportunity and we are here to share it with you as the time is ripe for us to buy GBPCAD. ❤️ Please, support our work with like & comment! ❤️